Burford Capital (NYSE:BUR) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Burford Capital (NYSE:BUR) from a strong sell rating to a sell rating in a research note released on Saturday morning.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft downgraded Burford Capital from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a research note on Monday, May 11th. Wedbush increased their target price on Burford Capital from $4.75 to $5.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Weiss Ratings cut Burford Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Zacks Research upgraded Burford Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Burford Capital in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.33.

Burford Capital Stock Up 2.8%

Shares of Burford Capital stock opened at $4.42 on Friday. The company has a market cap of $968.29 million, a price-to-earnings ratio of -0.57, a price-to-earnings-growth ratio of 0.05 and a beta of 1.25. The company’s 50 day moving average is $4.26 and its 200 day moving average is $5.96. Burford Capital has a twelve month low of $3.59 and a twelve month high of $14.14. The company has a quick ratio of 13.72, a current ratio of 13.72 and a debt-to-equity ratio of 1.59.

Burford Capital (NYSE:BUR) last posted its earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The company had revenue of $110.68 million during the quarter, compared to the consensus estimate of $103.08 million. Burford Capital had a return on equity of 9.12% and a net margin of 15.14%.During the same period last year, the firm posted $0.39 EPS. Research analysts anticipate that Burford Capital will post 2.13 EPS for the current year.

Institutional Trading of Burford Capital

Several hedge funds have recently bought and sold shares of BUR. Vident Advisory LLC raised its stake in shares of Burford Capital by 4.8% in the third quarter. Vident Advisory LLC now owns 33,158 shares of the company’s stock worth $397,000 after buying an additional 1,514 shares during the period. GWN Securities Inc. grew its stake in shares of Burford Capital by 15.3% during the 4th quarter. GWN Securities Inc. now owns 12,697 shares of the company’s stock valued at $113,000 after acquiring an additional 1,687 shares during the period. Allegheny Financial Group grew its stake in shares of Burford Capital by 17.7% during the 4th quarter. Allegheny Financial Group now owns 14,787 shares of the company’s stock valued at $132,000 after acquiring an additional 2,227 shares during the period. ProShare Advisors LLC increased its holdings in Burford Capital by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 36,783 shares of the company’s stock worth $328,000 after acquiring an additional 2,371 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in Burford Capital by 1.4% in the 3rd quarter. California State Teachers Retirement System now owns 187,646 shares of the company’s stock worth $2,244,000 after acquiring an additional 2,651 shares in the last quarter.

About Burford Capital

Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.